In this case, 70 units of closing stock will value according to the rate of new purchases. Double Entry Bookkeeping is here to provide you with free online information to help you learn and understand...
Learn MoreThe formula for calculating the total retained earnings is revenue minus expenses. In this case, the total retained earnings are listed as credit because the revenue (credited) was more significant than the...
Learn MoreMurray Dropkin, C.P.A., M.B.A., is president of CMS Systems, Inc., a consulting firm that specializes in improving the operational and financial operations of nonprofit and for-profit organizations. He has...
Learn MoreThe remaining unsold 450 would remain on the balance sheet as inventory for $1,275. The total cost of goods sold for the sale of 350 units would be $1,700. The ending inventory value is then calculated by...
Learn MoreThe general rule of thumb is that interest rates and yields have an inverse relationship, i.e. if interest rates rise, bond prices decline (and vice versa). We have written this article to help you understand...
Learn MoreBefore we calculate FUTA tax, let’s identify the organizations and people whose wages are subject to it. Someone on our team will connect you with a financial professional in our network holding the correct...
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